Associated Capital to Delist from NYSE and Deregister

By Bobby Samwell • Saturday, August 16 15:51 • Permanent Link

Associated Capital Group, Inc. (NYSE: AC) has announced its intention to voluntarily delist its class A common stock from the New York Stock Exchange (NYSE) and deregister under section 12(b) of the Securities Exchange Act of 1934. The last day of trading in AC's common stock on the NYSE is expected to be on or about September 4, 2025.

Following the delisting from the NYSE, AC plans to list its class A stock on the OTCQX platform. The company has filed an application for its common stock to be quoted on the OTCQX platform, operated by OTC Markets Group Inc.

The board of directors of AC believes that the decision to delist the common stock from the NYSE and deregister and suspend its reporting obligations under the Exchange Act is in the best interest of the company and its stockholders. The board has determined that the burdens associated with operating as a registered public company outweigh any advantages to the company and its stockholders at this time.

AC's decision was based on careful review of numerous factors, including the significant cost savings of no longer preparing and filing periodic reports with the SEC, reduction of legal, audit, and other costs associated with being a reporting company, as well as the substantial costs and demands on management's time under the Sarbanes-Oxley Act of 2002, SEC rules, and NYSE listing standards.

The company plans to redirect its financial and management resources to a wider range of business opportunities once delisted and deregistered.

AC is a diversified global financial services company based in Greenwich, Connecticut, providing alternative investment management through Gabelli & Company Investment Advisers, Inc. (GCIA). The company has also earmarked proprietary capital for its direct investment business that invests in new and existing businesses.

The press release did not provide specific financial metrics or changes since the last period. As a result of these announcements, the company's shares have moved -0.38% on the market, and are now trading at a price of $36.66. For more information, read the company's full 8-K submission here.

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